UK: Value of commercial property falls 7.2pc in eight weeks

From Telegraph: According to Cushman & Wakefield, the onset of the banking crisis has pushed up prime yields, which measure the value of a property in terms of its rental income, by 47 basis points since the start of September to 6.49pc – the highest for 15 years.

The market has all but frozen because of the lack of debt and investors re-evaluating the premium they want before spending their cash, the report said, adding that the UK commercial property market remains at the “front line” of the financial crisis. …. Full Article: Source